Business

Mon,24Sep2018

Business

Kenya's Safaricom opposes planned tax increase on mobile cash transfers

 Aug. 24, 2011 customers make money transfers at an M-Pesa counter in Nairobi, Kenya, as others wait outside. Photo: Sayyid Abdul Azim/AP/SIPAKenya's biggest mobile phone operator Safaricom is opposed to a proposed tax rise on mobile phone based cash transfers that its chief finance officer said on Monday would discourage the drive towards modern payments systems.

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Glencore settles with Gertler over Congo royalties

Urs Flueeler/AP/SIPA Glencore has settled a mining dispute in Democratic Republic of Congo with two companies associated with Israeli billionaire Dan Gertler by agreeing to pay royalties in a currency other than U.S. dollars, the company said on Friday.

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Kenya to repeal rate cap, introduce 'Robin Hood' tax

Customers waiting to place their orders at Kentucky fried chicken restaurant at the Nakumat junction in Nairobi, Kenya Aug. 23, 2011. Photo: Khalil Senosi/AP/SIPAKenya's Finance Minister Henry Rotich on Thursday said he would propose repealing a cap on commercial lending rates, as he presented a budget including a new tax on financial transactions.

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AGRIBUSINESS | ITW: Ade Adefeko, VP corporate and government relations, Olam; "Farmers big and small"

Ade Adefeko Vice-president, corporate and government relations, Olam

The Singaporean agribusiness Olam is taking a greater interest in Nigeria’s potential. Olam set up a 10,000ha rice farm and a rice mill in Nasarawa State in 2013. As of December 2016, 4,450ha were already under cultivation and the firm was expanding its outgrower programme, which works with smallholders in the area.

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South African power supply hit by protests at Eskom plants

 Eskom's electricity pylons snake across a hill in a Johannesburg suburb, Thursday, Nov. 24. 2011. Photo: Denis Farrell/AP/SIPASouth Africa's cash-strapped state utility Eskom said some of its power stations were operating below full capacity on Wednesday, after union members blocked some staff from entering around 10 plants because of a wage dispute.

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Interview: Rob Davies, Minister of trade and industry, South Africa

13062018SouthAfricaIndustrial policy is bearing fruit. The trade and industry minister speaks to The Africa Report about developing regional value chains and the importance of the state’s role in getting positive social and economic outcomes from the private sector
 

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Ghanaian journalist hits out at soccer corruption

Nov. 25. 2013:  file photo of President of Ghana Football Association Kwasi Nyantakyi. On Friday 8/6/2028 Nyantakyi said he was resigning after he was suspended by the sport's global governing body, FIFA. Photo:  Christian Thompson/AP/SIPAThe undercover Ghanaian journalist who filmed soccer officials appearing to take bribes said on Monday (June 11) that African soccer will continue to be held back on the world stage unless corruption is tackled more vigourously.

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